{"data":{"id":"us-nj/n.j.-stat.-17-16j-11","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:16J-11","heading":"Shareholders;  approval of agreement or plan;  rights","body":"If the commissioner approves the merger agreement or plan of acquisition, it  shall be submitted to the stockholders of each merging party or each party to  an acquisition which is a bank, a capital stock savings bank, or a capital stock association, at separate meetings called for that purpose within a time period established by the commissioner.  The merger agreement or plan of acquisition shall be approved by the stockholders of each capital stock depository holding at least two-thirds of the capital stock entitled to vote, and that fact shall be certified to the commissioner by the president or vice president.\nA stockholder of a depository which is a bank or capital stock savings bank  which is a party to a supervisory merger shall have the same rights afforded to  stockholders by sections 140 through 145 of P.L. 1948, c. 67 (C. 17:9A-140 to  17:9A-145).  A member of an association or a stockholder of a capital stock  association which is a party to a supervisory merger shall have the same rights  afforded to members of associations and stockholders of capital stock  associations by section 199 of P.L. 1963, c. 144 (C. 17:12B-199) and section 36  of P.L. 1974, c. 137 (C. 17:12B-266).  A stockholder of a bank or capital stock  savings bank which is a party to a supervisory acquisition shall have the same  rights afforded to stockholders by sections 6 through 15 of P.L. 1969, c. 118  (C. 17:9A-360 to 17:9A-369).\nL.1982, c. 8,  11, eff. March 4, 1982.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"c720beb73c381bf0ef3c90aa5e0e85e927744de0b3eac1bbabca09b03f61d257","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-16j-10","next":"us-nj/n.j.-stat.-17-16j-12"},"notice":"GroundRules: Original legal text. Not legal advice."}